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The Latest Breaking News from Finance Ministry

Finance Ministry asks banks to explore fintech partnership, co-lending opportunities

The sources said banks were asked to expedite non-performing assets (NPAs) resolution and focus on the recovery of bad loans

The Hindu

Land windfall tax law to be resurrected

The Finance Ministry plans to dust off the land windfall tax law as part of the country's reform of its tax system, says Krisada Chinavicharana, the permanent finance secretary.

Bangkok Post

UAE to Hold Second Auction of Dirham T-Bonds Worth $408Mln

The UAE Finance Ministry said Saturday that a second auction of federal treasury bonds (T-Bonds) would be held on June 20. The auction size will be AED1.5 billion ($408 million) distributed over two tranches: a two-year tranche valued at AED 750 million and a three-year tranche valued at AED750 million…

Asharq Al-Awsat

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Govt asks employees to opt for lowest air fare, book tickets 21-days before travel

NEW DELHI: The Finance Ministry has asked government employees to opt for 'cheapest fare available' on their entitled travel class and book air tickets at least three weeks prior to their date of travel for tours and LTC, as it looks to cut down on unnecessary expenditure.

The Times of India

Mum-of-22 admits life is 'hard' taking care of kids after millionaire husband's arrest

Russian mother Cristina Ozturk lived with her hotel owner husband Galip Ozturk in the coastal city of Batumi, Georgia, before his arrest during a special forces op on May 31

Daily Mirror

Finance Ministry promises share sales tax soon

The Finance Ministry plans to propose to the cabinet the implementation of a financial transaction tax on individual stock investors soon, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

FPO expects rising government revenue

The Finance Ministry's projection of higher government revenue in fiscal 2023 is in line with the economic recovery, says Fiscal Policy Office director-general Pornchai Thiraveja.

Bangkok Post

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Japan agrees B13bn loan

The Royal Gazette has published the Finance Ministry's announcement involving a loan agreement worth 50 billion yen (13.2 billion baht) with the Japan International Cooperation Agency (Jica) to bolster the nation's Covid-19 emergency response.

Bangkok Post

Palestinian Authority to Pay ‘Partial Wages’ to Most Employees

The Palestinian Authority announced on Tuesday it would pay partial salaries to most of its employees after Israel transferred some revenues it collects on the Palestinians’ behalf, officials said. A week into June, the Palestinian Finance Ministry said employees will receive 80% of their salaries on Tuesday. It has been…

Asharq Al-Awsat

China to Sell $3.46 Billion of Treasury Bonds in Hong Kong

Borrowings will top last year’s total and mark the 14th straight year for the Finance Ministry to raise funds in Hong Kong

Caixin Global

Ministry to mull delay of land and building tax collection

The Finance Ministry is considering the private sector's proposal to delay and reduce collection of the land and building tax because businesses are struggling with the double whammy of the impact of the pandemic and the Russia-Ukraine war, says minister Arkhom Termpittayapaisith.

Bangkok Post

Cabinet okays extension of hotel subsidy scheme

The cabinet has acknowledged the extension of the fourth phase of the "We Travel Together" hotel subsidy scheme to assist the tourism sector.

Bangkok Post

Finance Ministry delays stock transaction tax

The Finance Ministry will postpone enacting a financial transaction tax on individual stock investors this year until economic conditions are more favourable, says Finance Minister Arkhom Termpittayapaisith.

Bangkok Post

US Treasury set to push Russia closer to default

The U.S. Treasury Department is expected to tighten sanctions this week on Russia, threatening about $1 billion owed to bondholders for the rest of this year and putting the country once again on the edge of default.

Tribune News Service

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Bangkok Post

TDX preps trading services for digital tokens

Thai Digital Assets Exchange (TDX), a subsidiary of the Stock Exchange of Thailand (SET), is set to launch trading services for investment and utility tokens in the third quarter after receiving a licence from the Finance Ministry on March 25.

The Hindu

Morning Digest | PM Modi to visit Tokyo for Quad summit next week; China’s Pangong bridge construction is in occupied territory, says India, and more

A select list of stories to read before you start your day

The Hindu

Supreme Court verdict won’t alter GST regime: Finance Ministry

Kerala, Tamil Nadu hail Supreme Court ruling for safeguarding States’ rights

Asharq Al-Awsat

Saudi Arabia’s PIF Acquires Stakes in Nintendo

Saudi Arabia’s Public Investment Fund (PIF) has taken a 5.01% stake in Nintendo Co, as the sovereign wealth fund increases its exposure to the Japanese video gaming industry. The investment in the Kyoto-based group company was made for investment purposes, according to a filing to Japan’s Finance Ministry, making the…

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Bangkok Post

GIF rejigs borrowing rules for major liquidity boost

The General Insurance Fund (GIF) has revised regulations to allow it to borrow more to increase liquidity in case the Office of the Insurance Commission (OIC) shuts down more insurance companies in the future, says permanent finance secretary Krisada Chinavicharana.

Bangkok Post

Ministry mulls 5 baht diesel tax cut

The Finance Ministry is considering a proposal from government officials to cut the diesel excise tax by 5 baht per litre when the current tax cut expires on May 20.

Bangkok Post

Diesel subsidies to be extended

The government will likely extend its diesel price subsidy programme that is due to end on May 20, Prime Minister Prayut Chan-o-cha said on Tuesday.

Bangkok Post

Oil Fuel Fund set to borrow billions

The Oil Fuel Fund is expected to finish negotiations with banks this month as it looks to borrow heavily to boost its liquidity, says the Finance Ministry's deputy permanent secretary Theeraj Athanavanich.

The Hindu

Criticism of Pawan Hans sale based on distorted facts: Finance Ministry

Centre likely to issue letter of award to winning consortium as early as next week

Bangkok Post

Fetco hits out at plans for transaction tax on stock trades

The Federation of Thai Capital Market Organizations (Fetco) has urged the Finance Ministry to abandon a proposal to collect a transaction tax from share trades, claiming the stock market still needs tax incentives to support long-term investment.

Bangkok Post

Govt rejects co-payment accusations

The Finance Ministry on Monday denied that the government's "Khon La Khrueng" co-payment subsidy scheme was a tool to tax small vendors.

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